United States

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Listing Id: 3984 Last Refreshed: 07/05/2019 Total Views: 9127

(Expired)Cantonese Restaurant For Sale

Central AreaTake Aways
Asking Price: S$3,200,000
Business For Takeover
Look For Investor
Look For Partner
Anthony Ung

Overview

  • Premise Type N/A
  • Premise Size
  • Monthly Rental S$16,000
  • Rental Desposit S$48,000
  • Revenue > S$1M
  • Liability N/A
  • Gross Profit > S$1M
  • Net Profit S$200K - 500K
  • Stock S$25,000
  • FFE S$400,000
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
  • Established 2013
  • Source Direct Seller

Reason For Sale

Owners migrating to Europe

Description

A highly regarded and popular Chinese Restaurant is up for sale. A combination of unique and delicious recipes and modern decor has catapulted us into not only the local newspapers, but also being featured in the New York Times.

Our latest accolade is being recommended in the 2016 Singapore Michelin Guide.

In addition to the current outlet, we have 2 franchises currently in operation. One is a full restaurant in Manila and the other is kiosk concept in Singapore. There is huge potential for expanding within Singapore and Asia with the right business acumen.

Business Operation

Franchisees currently in operation in Manila and Singapore. Expressions of interests for Australia, Thailand and Vietnam has been received. High expansion potential in Asia and beyond.
Expansion Potential
Yes, seller financing is available.
POA
Seller Financing

Property Information

Rent
Premise Status
3 + 3
Lease Term
/

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